JP Morgan has increased spending for the business’s technology by a third, and now has one of the highest operating margins than all of the global custodians.
Tag: legacy technology
A UBS survey showed 87% of participants from banks with assets of $250 billion and above believe technology spending will increase annually over the next three years.
Asset managers have been slow to incorporate big data into their day-to-day operations, despite the cutting edge tools on offer to deliver, alpha according to Sibos panelists.
While providers are conscious existing systems are in need of reform, there is trepidation about developing technology which could be disrupted before it even goes live.
Fund administrators have highlighted the importance of the ETF to their growth plans, but operational technology were highlighted as a challenge for growth.
The migration to the platform will replace the legacy platform Northern Trust’s transfer agency business had previously operated on.